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economy looks like. and as life changes, fidelity can help you readjust your investments along the way. refocus as careers change and kids and head off to college. and rebuild your plan. wherever you are today, fidelity's guidance can help you refine your personal economy. turn here. >> at union bank, our relationship managers work hard to know your business. offering specialized solutions and capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do for you? and now bbc world news america. world newsbbc america. reportingrong am katty kay. they hav endured. residents of boston have been warned not to go outside as police search for the suspect in the boston marathon bombing. the father of the boys defenses son -- his sons. >> only god almighty knows what really happens. >> we still do not know what motivated the attack. did the brothers of the lawn or is it part of a wider terror -- did the brothers act on their own, or is it part of a wider terror plot? we talk to the man in charge of homelan
and the ceo talks about the health of the global economy. and cracked foundation, is the shortage of homes for sale creating a speed bump for the recovery. >>> good everyone, it was a strong earning report late in the day for netflix. >> our top story, earnings and the economy. and conflicts signals about the shape of the business landscape. first, netflix a stunning earnings report after the market closed boosting the stock by more than twenty-five % after hours. they are pulling in millions of sub viscribe subscribers, thanks to rolling out original movies. >>> by contrast, disappointing numbers from caterpillar. it issued a gloomy out look for the rest of the year, because of weak demand for the bull dozers, they are considered a bell weather for the global economy, so the investors pay attention when the company expects slow growth in 2013. and today, disare couraging numbers on housing. sales of existing homes fell in march. economists expected them to rise and a miss could be a sign that the housing recovery market is not as strong as previously thought. >> reporter: like everything
each other's lives. it is of a free market economy that grants everyone a fair chance and an unfettered start in the race of life. it is of a voluntary civil society that strengthens our commuters, protects the vulnerable, and minds the gaps to make sure no one gets left behind. and it is of a just tolerance and sustainable federal government that protects and complements free enterprise and civil society rather than presuming to replace them. this vision will not realize itself. the left, the inertia of the status quo, and the entire economy of this city stand a raid against it. realizing it will sometimes require conservatives to take on entrenched interests and policies and political third rail. many of these will be interests traditionally aligned with and financially generous to establishments within both political parties become sometimes it will require us to stand up for those that no one else will. the unborn child in the womb, the poor student in the failing school, the reformed father of my wishing in prison, the single mom trapped in poverty, and the splintering neighborhood
insight on the global economy, as well as the impact of new security concerns in light of the tragic and deadly bombings in boston. >> yeah, it was of course, at this hour when we first learned yesterday of the horrific events unfolding in boston. that is where our scott cohn is right now with the very latest. scott, one day later, what can you tell us? >> reporter: maria, 24 hours after the horrific attacks, it is still an intense crime scene behind me, as authorities try to search for any clues about who did this and why. u.s. attorney general eric holder out with a statement a short time ago, again, calling on the public to help, saying no bit of evidence is too small. they are looking for cell phone video, anything that can help them figure out and piece the facts together. we also know that the boston athletic association, which stages this marathon every year, had three surveillance cameras at the finish line. the company that provided those cameras under a sponsorship agreement tells cnbc they are cooperating with authorities. we will see whether that yields anything, but what
rights prevail our countries where people do better, economies thrive, rule of law is stronger, governments are more effective and more responsive, and they are countries that lead on the world stage and project stability across their regions. strong respect for human rights isn't merely an indicator that a country is likely doing well. it actually unleashes a countries potential, and it helps to advance growth and progress. so i ask you just to think of the country like burma for a minute. because of steps towards democratic reform and stronger human rights protections, a country that had been isolated for years is now making progress. as it reached where we wanted to be? know, but it's on the road. it's moving. and more people are contributed economy and participating in the government, leading toasr growth andnt. and by starting to embrace universal rights, the burmese government has opened the doors to a stronger partnership with their neighborhood and with countries around the world. many challenges remain. corruption has to be rooted out. remaining political prisoners nee
plans down the road. it's a fox business exclusive and a good read on the economy. that's next. as the an anticipation for apple earnings reports mount, we'll look at the best selling mobile phones, not just now, but of all time. phones that you may be surprised to see that app iphone is not in the top three. stay tuned. ♪ ♪ @ why are 8 million people why are 8 million people sleeping better tonight? they went to a sleep number store. the only place in the world you'll find the sleep number bed. a bed with dual air technology that allows you to adjust to the support your body needs. each of your bodies. the only place you'll find our bed-clinically proven to help each of you slee more soundly. and the only place you'll find sleep professionals that will help you find a number that will change your life. your sleep number setting. you won't find any of these innovations in an ordinary mattress store. you'll only find sleep number at one of our over 400 stores nationwide. and now you can save $400 on the only memory foam bed with sleep number technology that adjusts to e
might have missed. first of all the economy is terrible. la of laugh all human thought has now been limited to 140 characters. [ laughter ] and most importantly nevil longbottom now looks like this. [cheers and applause] i think we can all agree that that is a real message of hope. [ laughter ] now, another big change is that thanks to ted talks -- [cheers and applause] -- all the real smarty people with the cutting edge ideas are now legally required to use a headset microphone when changing the world with thought. why? well, observe how it frees up my hands. [ laughter ] so i can communicate how together we can reframe the issues and shift the paradigm so that we can pull ourselves -- [laughter] -- [cheers and applause] into a brighter tomorrow. [ laughter ] and today, here, at the clinton global initiative i'm proud to announce the birth of a brand new cgi, the colbert galactic initiative. thank you. very excited. you are the first to know. don't get me wrong global is good. it's cute, baby steps. i'm just thinking a little bit bigger. i assume many of you here in this room are h
freedom is linked to private enterprise. the government has evolved in the economy, but if it gets too large and the state interfere, they will crush freedom and growth. that was born out of a deep understanding of what was going wrong in the united kingdom, which was not much of a socialist country as -- by the time margaret thatcher came to power, it was a failed experiment and corporatism. the unions and businesses all muddled together and it was a consensus-based structure. britain was completely broken, runaway inflation, and i was a young child when she came to power. but i remember those strikes. nothing was working, everything that britain made, all of the cars out of our factory -- she brought us the way around. it was a painful experience going through that. host: you wrote about her conviction, and the answer to her conviction was in her handbag. she carried around with her a quote from abraham lincoln which said "you cannot strengthen the weak by weakening the strong. you cannot ring about property-- prosperity by discouraging thrift. and you cannot help you wage earner by
in a new economy whose major product is intellectual property? monopolies -who's in control? with the help of our economic analyst richard gill, we'll find out on this edition of "economics usa." i'm david schoumacher. we like to think of our economy as one that runs on competition. for instance, we can choose the brand ofasoline we buy. if one station sets its prices too high, thene can simply go across the stet if one station for a lower price.o high, if enough drivers pass the high-price station by, sooner or later it goes out of business. of course, if in order to attract business a station sets its prices too low and can't cover costs, sooner or later it'll go out of business, too. but what happens to prices if one company, or one person, controls all the gas stations? that was what the country faced in 1890. the company was standard oil -- the man was john d. rockefeller. this was the infant oil industry jafter the civil war. drilling equipment was hand- and foot-operated in those days and available cheap. anybodcould join the o rh, and anybody did. with thousands of small-scale pros
to securing our borders, just starting our economy, and ensuring for access to that great american dream. the current status quo on immigration makes no sense. we turn away people from entering the country who could create thousands of jobs and let in people crossing our borders who take away jobs. our approach is balanced. the border security triggers are strong, but achievable. the path to citizenship is tough, but it is accessible. yes, our bill does secure the border first, but it treats the situation of those living in the shadows as an equally urgent priority. this is by design. we believe that americans will support sensible solutions to dealing with the undocumented and future legal immigrants, but only if they are convinced there will not be future waves of illegal immigrants. when the 11 million come out of the shadows and it will not only improve their lives and their families' lives, it will strengthen our country and its economies. in fact, conservative economist douglas holtz eakin has found that immigration reform will save taxpayers $2.7 trillion. we wanted this legislati
they will have going forward on our economy. dagen: peter barnes has much more on this. peter: we looked at research reports on the impact of attacks of 9/11 back in 2001. the current economy has shown some softness recently in job creation and retail sales. any hits to consumer confidence may make things worse. two economists that i have talked to this morning do not think it will get too bad. the 9/11 attacks were targeted for the financial systems. consumer confidence rose sharply after the 9/11 attacks. experiencing the biggest monthly drop in a decade. the attacks caused more than 400 mass layoffs and displaced 130,000 workers. industrial production fell back then. the unemployment rate jumped more than a half a percentage point. we were already in a recession that september. we are not in a recession today. boston is not an economic center. >> maybe a day or two people will be hesitant about going out shopping. assuming nothing else happens, it should last much longer. peter: it could take a short-term hit because of boston. they are more worried about the impact on the economy and
that it doubles down on a dead end energy policy that's hurting our economy, hurting our environment and our health. burning fossil fuels is a primary cause of climate change, and we simply can't afford to continue down this destructive path. it makes far more sense to focus on developing the clean, renewable energy technologies that we all know we're going to need down the road. developing these technologies will create quality, long-term jobs that can't be shift overseas. it's good for business. it's good for our planet. it's good for our national security. there's no reason why we can't put aside our differences and take action to promote a clean energy future. it's what our constituents sent us here to do. our window of opportunity is rapidly closing. the time to act is now. and i yield back. the speaker pro tempore: the gentlewoman yields back. for what purpose does the gentleman from california seek recognition? >> madam speaker, i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gentleman is recognized for one minute. >> madam
a majority in congress since 1997. the mexican economy has expanded mexican have maintained growth since 2009. fromdp has increased $7,979 in 2009, to 2146 in 2011. in purchasing above 15,500. on gdp growth, almost four%, a higher rate, and is expected to grow 3.5% in the year. this is measured by j.p. morgan. mexico is also taking care of its people. the brookings institution has highlighted that 60% of mexicans are middle class. by 2030, 80.5% of mexicans will be middle class. housing has increased more in the early 1's. all of these factors that have taken place review the immigration pressures of the past. academic think tanks estimate that net migration between mexico and the united states is close to zero. a recent survey shows only 11% of mexicans say they would leave mexico if given the opportunity. a decline of about half from a 31% 2007. -- in 2007. over the last few years, our common border has increasingly become an area of prosperity. more more dynamic and secure than it has ever been. four in the united states and six in mexico, have a population of 92 minute -- 90 million peopl
enough to keep united states competitive in our global economy. >> in order to get an outside opinion about what is going on in america, i travel to germany where i met a man who gave me -- who told me how things were done in germany compared to america. there are many specialist in america, but our system in germany is very dynamic. our workers are used in very many areas of the work. my american rent was supplies -- see the same staff. all three eggs are learned in the apprenticeship area it is the world -- apprenticeship. >> apprenticeship? not good enough? i needed an explanation. that is what i spoke to the headmaster of whence mr. -- of westminster academy. >> one of the challenges is that changing. it was a time in which the mother, father, children, could be the home in which they would be growing up with both parents. now when students go to school they only have one parent or there are issues in the home, they are bringing those challenges into the classroom. i think what schools should do is help children love to learn, love to read, become thinkers. become problem solvers.
manufacturing sector, creating new jobs and growing the economy for american families. energy is the foundation of our economy. we need to focus on the promise of prosperity. north american energy prosperity and the abundance that it offers to our country. america's greatness is tied to our freedom to produce and build things. republicans have a plan to grow our economy by making america a nation of builders once again. we want to streamline our government, cut red tape, and unleash the power of north american energy. with these things we can revitalize american manufacturing, and foster long-term economic growth and job creation for our citizens. lastly, we're determined to get to the truth regarding the terrorist attack on our nation's in benghazi, libya. in which three americans lost their lives. last year, i directed five committees to look at there is parts of this investigation. the next week, these committees will provide a comprehensive progress report on the investigation up to now. and this progress report will not represent the conclusion of their investigation, but it will be the be
say that the last ten years has been very bad for the economy. we've lost a lot of valuable resources and a lot of the momentum that we've had on. before, we had open markets and entrepreneurship and that's what helped china succeed. we have to go back to market forces as well as fight construction. >> so juan nubol there talking about the last decade. he was the guy that tried to buy 300 kilometers of ice and is we'll talk about that a little later, as well. clear now there is a hope for reform. i'm pleased to say kung mingh, the founder of lenovo who bought the business from ibm, he explained to eunice what he wanted from private reform to help private business in the country. >> translator: my view is that the chinese government should adopt a more systemic and comprehensive approach, for example, how to escape a better sense of reform in this country so that the public will have more confidence in ensuring the culture of mutual trust can be established. >> what's interesting is that this group, also becoming more influential in political circles. we'll hear a little later from the
the economy french economy is in. now, the german survey responses say the economies were worried about the impact prices. in france, they're much more domestically focused with some suggestions that things couldn't get any worse. >> well, the domestic situation is already a known negative. just to recap for viewers, as well, the composite, which includes both the services and is manufacturing, pmi came in at 46.5 in april for the eurozone. that was just ever so slightly above the 46.4 estimate and manufacturing came in 46.5. the services figure was 46.6. but, again, it's some of the weakness in the core economy of germany that's catching the market's attention this morning. the euro weaker, the xetra dax off by about 0.2%. we're going to get some uk data out at 9:30. also coming up on the show, the how companies are battling to take a foothold in the alternative energy market in china. then at 11:10, we'll be joined by jim o'neill as he nears the end of his tenure at goldman sachs. we'll get his best and worst investment calls from his time in the city. we'll hear up for earnings from
and the free enterprise piece of this which gives our economy most vigor and i would advise people that are preparing to take the nationalization test, that's a choice by the educational foundation to understand our history and language, one of the questions that will be there, what is the economic system of the united states? the answer to that is free enterprise capitalism. that's what gives our economy its vigor. and when we move away, when we move towards government management of our economy, government bailouts, government deciding who is too big to allow o fail, so much of our economy loses its vigor and we lose some of the promise of the great american civilization. another piece of this also that i speak to relatively often, mr. speaker, and that is american vigor and last component of the american exceptionalism that i'll list here tonight. american vigor, where does that come from? well, we have natural-born american citizens that are part of the civilization and culture. and they are -- and these natural-born american citizens are the did he sent ants who came here with
improve their lives and their families' lives, it will strengthen our country and our economy. the server the would- conservative economists has found that -- the leaseholds beacon has found that immigration reform would -- would save the country $11 billion. the bill has been online since tuesday night. we will not begin marked up until the first week of may, giving everyone three weeks to read this bill and prepare amendments. chairman patrick leahy has pledged an extensive markup. the committee improves -- include some leading opponents of immigration reform, who will have a chance to challenge our ideas. this ensures the bill will emerge from committee battle tested. we will have a full debate on the floor. senator harry reid has pledged to take it up no later than june. as with any compromise, no one got everything they wanted. there were moments when it looks like an agreement would not come. the negotiations over its future flow program were particularly intense. realizing the high stakes, the business community and organized labor rows to the occasion. richtom donahue and trumpkin
of medicare, if it were a country it would be the 20th largest economy in the world. it is the enormous. medicare spends $560 billion in 2011 over 50 million people. this dollar amount is more than the size of sweden's economy and double the size of ireland's economy. just medicare as one portion of health care. so no matter whether democrats or republicans prevail to shape the future turns out medicare will be crowded by 23. and every day boomers' sign up for medicare. this number is equivalent to adding the current combined population to the medicare program. hospital's doctors and nursers -- nurses will be under increasing pressure to take care of everyone. are we ready for it? >> medicare pays for residency training, almost all of it and the cost of the second, a teaching position salaries and other expenses. and with pressure on the federal that under the budget microscope the training is funded by nine point* $5 million funding for medicare, a five point* 8 million for medicaid as a combination of state and federal money and is being closely scrutinized. i would like to do three t
francisco, oakland, seattle, and tacoma combined, upon which a bulk of the u.s. economy relies. we must strengthen recovery in the event of a biological attack, which is still the most worrying threat out there. we need to make sure that the public understands the nature of these threats and how it can help identify and respond to them. above all, it needs to understand how not to respond to them. when bad things happen, it's easy to react out of fear, emotion and anger. let's hope that in boston this week we begin to chart a different course. for more on this, you can read my column in a special edition of "time" magazine on the tragedy in boston. let's get started. >>> joining me now the man who runs the biggest police force in america and one of the country's best intelligence divisions, ray kelly, the commissioner of new york. what do you have to tell us in the aftermath of this? is there a heightened sense of danger? are you seeing threats proliferate? >> no, we haven't seen an increase in threats, but our operating assumption is that we're always at risk. we're a city that obvious
opportunity, make the economy stronger. there's a downside that all pay fines andill the government will get all the money and do something terrible with it. i understand that others -- [indiscernible] there are fees involved. not exactly amnesty. you wonder why they keep saying it for shock value. it just is not true. you cannot hit people with fees and fines and all sorts of hopes to run through an act like you have not done anything. when we had the 55 m.p.h. speed limit, there was a lot of illegal driving going on. we did not decide to enforce that law, we decided to come up with reasonable speed limits and then enforce that law. we gave amnesty to all the people that had been illegally driving. get the back taxes. let's get to get them in the light of day so they are e andcted from abus an exploitation. we have high tech workers that don't come here but go to other countries and compete with us. we need people from ranchers to derek to farmers. i don't think this bill goes far enough. i would like to see more, but this is progress. >> your statement mentions several examples of how terr
're going to talk markets, the economy and much, much more. stay tuned for that and a lot more. >>> welcome back. now to the markets. it's going to be a big weekend ahead. joining us, lou brian. lou, place your betts. more likely up or down for the dow this week? well, you know what? i tend to look technically at the s&p instead of the dow. >> how about the s&p? it's a broader market index, even better. >> all right. i think that the interesting thing is that where the s&p held last week, this 1540 is a mark that held in march and early april and, again, last week, we went just a little below it. also in play around that level is the 50-day moving average which held the market a couple of times. if you're looking to get long on a tray, that's not a bed level because you kind of know where you're wrong when it goes underneath that. i think the interesting thing with the stock market is that it's really the only market right now that's playing along with the fed's qe brochure. don't fight the fed. buy on fed accommodation. the crude oil, the gold, copper, various commodities are lower since t
. part of it is the economy. improving economy in the united states tends to attract people as well. we just haven't seen that, but monitor those flms -- numbers. we have -- the thing that troubles me the most is the smugglers who do this for profit, who are taking creative routes either up through the bahamas, we're seeing haitians being run through puerto rico right now. so it's a constant battle as the smugglers get smarter and daring. they are smaller than the land border. >> the smuggler industry, for lack of a better term, is that on the increase, is that on the decrease? what's the trend? it's an recollection spencive undertaking. my understanding is they charge thousands of dollars per person they bring. is that something we've seen an increase in or decrease and if we've seen a decrease, is it because of economic factors? how do we stop these? it sounds like a fast boat through the middle of the caribbean is not something we would necessarily stop. >> i think flow of migrants, it's similar to the flow of drugs. people are very creative. yes, we've seen an increase in those peop
and home inspector and is then that has a booying fantastic on the overall economy having said that i'm not living with my head in the sand here i recognize that a lot of markets are still suffering a little bit and this graph show you's you the change of value in home price from their local market peak to where they are at present the case sowler composite and san francisco is halfway through the pack there down to about 33% and so whole values are still off from where they were before but if you look at where we are from the low point until where we are today, san francisco is looking a little bit better and oakland is not a member city and they randomly take 20 cities that are plead broadly representative of the housing market and san francisco is the second line on here and posted as one of the naysest paces of recovery and so we get some help from residential construction and we also get help from securelier spending this is what i'm showing here and this is the debt service ratio and it's an interesting concept if says if you add up my mortgage payment and car payment and any ot
, i can see a different event developing the underprivileged, legal system, the vital economy, talked about some of the time, my bigger question is, sort of an eclectic, that we have certain sensibles in development and develop questions, every situation is quite complex. privatization is commonly used as the state runs everything, but selling the water system and my main question is about, with another example spring training. something we push very strongly. and in certain ways certainly not convinced by the abuse put the teeth helping economy is. and realize developing industries and protections. and it is some of these other -- anyway, and economic -- >> and -- the facts speak pretty clearly. the point i tried to emphasize is an ideological discussion, try to emphasize, what we know is on average, countries -- they tend to grow faster. and use resources more efficiently and for every example of a country successfully protected. and so given the wealth of history, as a result of that. and the notion of the government of any particular industry specialized that would allow isolation
$100, and in september of 2011, copper price a reflection of the week call for the global economy, china news earlier this week, bearish, copper prices down 6%. if you're looking for gains, the agricultural sector saw some, and, and natural gas of 4 present. and someone you did the action in today's session. and $100 from the close of around $400 a troy ounce. and gold will average 1450 a troy ounce, in 2014. we also see reports of stronger jewelry demand, gold has come down significantly, some buyers stepping in at these levels and copper falling out of favor of this week on weaker reports out of china and also copper is down 6%. lots of volatility, wrapping up the week more muted reaction. melissa: let's check the markets and go to the stock exchange. lauren simonetti is standing by. >> the volatility sandra is talking about is the volatility we are seeing here on wall street. what a week. the dow can't seem to stay or get into the positive at this hour but the nasdaq and the s&p are higher, this has been the worst week of the year for all three major averages, the worst week si
it is harming the economy to pay too much tax? >> yeah. we all know that. the other point is that we have a big fragmented tax system. so i want to add up not just federal income taxes but there is federal, state income taxes, local income taxes, property taxes, estate taxes real estate transer it taxes, sales taxes. taxes you pay for your employees. when you add it up you're likely paying more than you think. the alternative minimum tax to make sure people don't end up paying nothing, we need an alternative maximum so make sure in the end we need to keep some of your income. melissa: that would make logical sense. peter, let me ask you. what is the maximum? at what point do you start doing harm to the economy? i think it is like 20%. but i think i'm a little low versus everyone else. >> well, sure think there. small businesses in new york city that mom-and-pop luncheonest on second avenue, they're paying marginal rates between the federal and state and payroll tax just there of over 50%. what is their incentive to put more capital at risk and expand and hire more people? it is not very good. b
. we had enough bellwethers, in tech and items, other areas of the economy to get an idea how earnings are going. what does that tell but the overall economy, what we've seen so far with earnings, john? >> our view is we're still in very luggish growth and real opportunities are coming out of the easy money policies of the central banks along with the emerging middle class in the developing world and so we're looking at, we're very bullish on commodities. we're very bullish on companies that produce those. companies that are helping find oil, that have sophisticated technology in the oil service area. we think the overall market is really still in a secular trading range that it has been in for the last 13 years and up at the upper boup drills of that. liz: john, are you spooked at all what seems years ago and it was earlier this week, the gdp of china missed estimates? it was lower than expected growth? and you still believe in commodities why? because a lot of chinese still need to be fed and need to build skyscrapers? what is the your focus here? absolutely. 7.7% gdp growth is still
workers is significant in our stagnant economy. the unemployment rate for blacks without a high school diploma was 12 percent, today, it's more than doubled, to 24.6%. now, that clearly shows that we have an oversupply of low skilled labor relative to the -- that is for workers in all such classes, particularly black americans, because research shows that 40 percent of the 18-point percentage decline in the employment rates of black males is attributable to illegal immigration. that's hundreds of thousands of blacks without jobs. it translates to hundreds of thousands who can't pay taxes, who don't support their families on their own dime. the evidence also indicated that in addition to the pressing wage -- sorry, employment levels, illegal immigration drove down wage levels, by the federal reserve bank of atlanta, for example, showed that illegal immigration, and the spike in illegal immigration, was attributable to the nearly $960 per year decrease in wage levels of documented georgians. and the leisure and hospitality industries, it was $1520. for doctors and lawyers, $960 may not b
there that the economy is losing steam, especially with the stock market plunge that we have recently seen? - well, i think clearly there has been some disappointing economic data. maybe it is the fear that we all had with the government cutbacks and also the tax hike that we had - that's the increased payroll tax for social security that we saw - so that is biting into the economy. but clearly, almost all the data, not only here but around the world, has come out weaker, so that is real; and combine that with some disappointing earnings on balance, and i think that is cause for concern or pause for the market right now. - gold futures made a mighty move to the downside this week. what are you seeing in gold mining stocks? - wow, i tell you, it was a real blowout in gold. gold is one of those assets, but i look at gold back in '08 was, i think, a low $600, and it is now still, what, close to $1,400? so, a set-back was ok, it was just one of those classic commodity washouts. gold miners, on the other hand, they have lagged the price of gold for the past several years at least, and a lot of that has to
, to disrupt them, to even disrupt your economy, an argument you often hear about 9-11, that it was much to have an impact on our economy as it was on our fears? >> i can't speculate about that. i think all i've been focused and our partners and the business community is try to get the aid to the victims. these victims' lives will be affected just from showing up at a marathon, it seems tragic. siphons will rally and help all these folks, both the business community, sports community, everybody is rallying around. >> neil: it must be a bipartisan rally because bain capital is the mitt romney-inspired firm. is there a sense that you get that invariably, the political snipeing has ensued about what the government knew and when about the culprits behind this attack, whether local authorities in boston should have given the all clear when minutes later, there was a shootout in watertown. as a bostonnian yourself, what do you think of all that, just how local officials responded, whether they, you know, blew the relief whistle a little too early last night, everything ended up okay, but it co
that -- industrial jobs and the calm of the president, to make sure that we have a balanced economy, we sure hope we get one of those 15 industrial charity and is training opportunities in the country. because, they are paying college jobs -- as a solution and for some -- to be quite honestly say it's part of my evolve strategy to raise the city to 50% of the jobs to open residency and the community college to make sure that happens. as development happens some of the biggest fonts and largest footprints in the area are happening in oakland you have heard of -- city where the negotiationss are -- but it's more than the spokes team it's the airport connector that is about to be finished is a real opportunity to develop a multimillion project that you can measure and opportunity and housing and detail. and there are no traditional shopping malls in oakland and there could be one anywhere and you shall you're looking at the 600 ache remember customers and then the whole industrial park between the park to the airport and scwh has just gotten several grant for the developing e i r for the whole are
economy is made up of the things that matter most, including your career. as those things change fidelity can help you jafflet your retirement plan, rethink how you are invested and refocus as your career moves forward. wherever you are today the fidelity i.r.a. has a wagering of choices to fit your personal economy. fidelity investments, turn here. >> bbc world news was captioning sponsored by macneil/lehrer productions >> ifill: the surviving suspect in the boston bombings was charged today with the use of a weapon of mass destruction. good evening, i'm gwen ifill. >> brown: and i'm jeffrey brown. on the "newshour" tonight, we update the investigation, both in the u.s. and abroad, into the two brothers believed to be behind the blasts, as the youngest remains hospitalized in serious, but stable condition. >> ifill: and we explore the legal questions raised by trying dzhokhar tsarnaev in federal court. >> brown: then, ray suarez gets an update on guantanamo bay, where more than half the prisoners are now on a hunger strike, protesting their indefinite detentions. >> ifill: paul solman ha
. we have growing disparities in san francisco and as the economy is growing and we lift all through the economy. and ways to have programs that reach into the community that provide opportunity for young people. and to have appropriate housing, that's something i am committed to. i want to hear your ideas of how to do that and strengthen the efforts. last year in district 11 we were able to fund projects for the parks and safety and to beautify the environment. and we had projects for young people as well. i want to grow in the commitments we made last year. we know the best way to support our young people with opportunity is to provide jobs for them. i am looking forward to see how to accomplish that with the mayor and my colleagues from the board of supervisors, thank you. >> thank you, supervisor avalos. i am mark farrell, i am the supervisor from district 2 and i am the chair of the budget committee. and it's an honor to be here with the mayor and supervisors. my priorities is to have an open and transparent budget process, that's why we are here. we are doing six of these town
: seasonally strong time of year for home sales. overall, the u.s. economy is running below its historical trend. this is a study done by the index. my next guest says the economy sluggish growth may be the most ideal condition for investors. joining us is now jack. welcome to you. >> thank you, lori. lori: you see this as a prime opportunity. some new investment dollars could go into the stock market. >> yes, potentially. fair value in the market is probably about 1520. we are slightly ahead of that. we have a lot of favorable factors. one, keep money. we have stocks that look cheap. if we can get confidence, you know, of investors, but also builds confidence picking up, i think you could see treasurers and armature treasurers start to exploit that difference. as long as the fed keeps the backdrop in place, then the market can go higher. we do not want to fall into a double dip type of scenario. on the other hand, we do not want anything too strong to suggest that perhaps the fed will take its foot off the accelerator. lori: if you have new money to invest, what type of stocks would you p
reporting exceeded estimations. it is an indication of -- of -- of a stronger economy. if somebody told me we would have a 5% correction i would say look at that as an opportunity to get into the market. >> which is basically what you just said, jonathan, right? >> yeah, i do think larry is perhaps a lit totle too optimis. cull pans are beating the quarter and missing revenue estimates. if you take out financials because of special, some things are specific to their sector, you really are seeing negative earnings growth not compared to prior quarter but a year ago. things are weak. domestic companies doing much better than companies with big global footprints. >> what are you expecting from the week ahead? more heavy earnings numbers coming out. brig group of companies. and the gdp end of the week. >> i think actually for the reason. a lot more chop in the market. a lot of two way action. company specific. i think we have to get a little bit of clarity on whether companies feel this is just a little rough patch. we are going to pick up on the back end. there is an interesting wrinkle below
, weekly jobless claims of. the market down. four out of the five past days. the state of the economy next. alec, for this mission i upgraded your smart phone. ♪ right. but the most important feature of all is... the capital one purchase eraser. i can redeem the double miles i earn witmy ventu car sauce to erase recent tvel purchases. d with a few clicks, this mission never happened. uh, what's this button do? [ electricity zaps ] ♪ you requested backup? yes. yes i did. what's in your wallet? could lose tens of thousands of dollars on their 401(k) to hidden fees. thafully e-trade has low cost investments and no hidden fees. but, you know, if you're still bent on blowing this fat stack of cash, there's a couple of ways you could do it. ♪ ♪ or just go to e-trade and save it. boom. ♪ ♪ lou: optimism about economic growth commissioning -- diminishing as markets posted sharp losses for a third day this week. talk about the short-term. joining me now with his outlook for the economy, former bp, the president and ceo of the cake schiller institute. good to have you with us. >> goo
, weekly jobless claims of. the market down. four out of the five past days. the state ofhe economy next. the boys used double miles from their capital one venture card to fly home for the big family reunion. you must be garth's father? hello. mother. mother! traveling is easy with the venture card because you cafly airline anytime. two words. double miles! this guy can act. wanna play dodge rock? oh, you guys! and with double miles you can actuay use, ou never miss the fun. beard growi conte and go! ♪ win! what's in your wallet? ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions.. in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. ♪ lou: optimism about economic growth commissioning -- diminishing as markets posted shar losses for a third day this week. talk about the short-term. joining me now with his outlook for the economy
have had a broken system. it has been a drag on our economy. mr. holtz-eakin, thank you for your testimony. it will help minnesota businesses and families alike. i want to think the senators who ever done this, getting us as far as we have gotten. mr. holtz-eakin, one of the most things i have most pleased about is what it does for agriculture, particularly in minnesota. minnesota is one of the biggest dairy producers in our nation. dairy farmers have not been able to access the work force they have needed for years. one program that allows farmers to get guest workers is open only to seasonal workers, and you cannot milk cows seasonally. you could, but you would get very uncomfortable cows. i have been calling for this -- anyway. enough said. >> i used to be chairman of the senate agriculture committee. you are bringing back to my roots. >> vermont has a very great dairy-producing culture. i'm glad the gang of eight felt the same way. we have heard testimony on the issue of productivity. it seems having access to a dependable legal work force has got to be a boom for various par
market since the start of this cycle. weakness in oil could portend investors worries that the economies are slowing down not just in china but globally as well. so that will probably put pressure on the market. the other thing too, we're in the earnings season and this might be the quarter that doesn't delight. that is that we do get some dispoints manned -- disappointments and we get stiff reactions to the disappointments. lori: bob, you were cautious yet looking for stocks to show gains for the year. what do you think will get us past these bumps in the road? >> i think the bumps in the road should not be unexpected. the market is up 20% since last june. so it is not unusual to have a five to 7% correction at this stage. following on gene's comments, we are in earnings season. interesting when you look this year, i think that will be stimulus for further correction. expectations are 5% increase over last year for this quarter. 7% for the second quarter. 18% for the third quarter and 28 for the fourth. i think as companies report, analysts will be really focused on what the guidance be
and perhaps boosting our economy if we can't be sure who to let in? with me now are american enterprise scholar maaed din, we also have economist extraordinaire, professor peter morici. thanks for joining us. madeine, let me start with you. as we said, as we look at this immigration bill, you can immediately feel a reaction coming out of what happened with boston. to slow down on anything that we might be doing including student visas, including asylum, including some of the workers that we would need especially in the area of student visas who might graduate and then be productive in their economy. what are your thoughts on this? >> well, melissa, that's a great question, and thanks for having here to talk about this. the immigration bill that's before the senate right now, it's a great piece of legislation. and it would have no bearing whatsoever on the vy tragic events that happened in boston. the reality is that people who are here, unfortunately, be they native or immigrant, sometimes you commit horrific acts. but we don't base immigration policy on that. we should base it on our e
by the state was a potential death now for the housing and our taxes stopped the growth of our economy. we in this room and many of us working together took on the story changes for our city some of which have vexed for years >> years. i'm proud that together we through innovation and we foerjd our way ahead. to the city commissioners and to the department heads and to our friends in the business, labor you think non-profit and other communities who spent countless hours with us in negotiations and to the great people of san francisco who rewarded us with your support at ballet in san francisco thank you, very much. together we're putting san francisco back on the right track and building a solid foundation for all our residents. my fellow san francisco's we're living in a time of astonishing innovation and unlimited process we're driving that innovation and for or against the future right here right now not just for san francisco but for the whole world. within the lab of our technologies we're developing techniques will will save lives. to our market district we're providing the world w
korea says they will inject more than 15 billion into the economy. says it willorea inject more than 15 billion into the economy. the money will be used to create jobs, build the stagnant real estate market and cover a tax revenue shortfall. pakistan's former president will not be allowed to run for the national assembly in upcoming elections. he had been cleared to campaign for northern pakistan but now being disqualified. he has been barred from running four l fou -- in all constituencies he applied for. a new session of parliament in kenya. the arrival one in a closely- contested vote last month. we're joined from our reporter in niobe -- nairobi. >> we are just outside the parliament now. we are expecting the president to arrive very soon. he will inspect the guards and enter the parliament behind me, and he will give his speech to what is the 11th parliament here in kenya. now, in his inauguration speech he really tried to ignite the country behind him. formillion people voted him. there have been meetings between the men at the state house here to try to reconcile these different
to get in in the first place. give me some sense of hamas they have been doing in a tight economy. -- of how they have been doing in the tight economy. she was tremendous. she was there for over 20 years. she wanted the administrative side to be as creative and make sure she was always a step ahead, so we have a tradition of that, and the executive director is carrying it forward. they have a strong board of directors. i have to say that is a part of it, making sure we are thinking ahead of the game. we stay strong in the face of economic turmoil. tavis: what you make of the fact that here is a company with african-american dancers started by an african-american man has made inroads where there are people of all races and creeds to support the work you do? is -- i love this quote. inn you the gun revelations 90 -- when you look at revelations in 1960's did not just appeal to the black church but to people all over the world who have never met someone who happens to be of color. of theversal language , soer reflects the company' that is the strength of the company and why we are st
important than ref knew. i know the economy is soft. therefore revenues is soft. why aren't earnings much more important? why is wall street so obsessed with the revenues? >> the good news, larry, is that even though they talk about the revenue a lot and complain a lot about the revenues, the stock market -- we hit all-time highs this year, and we're up basically for four years in a row now, and that tells me that underneath all of this complaining and fear profits really do matter, and if you look at after hours tonight, i mean, who knows what will happen tomorrow, but the companies that beat on the profits are on the upside tonight in after-hours trading. >> profits are the mother's milk of stocks, i've said it before and revenues are not the mer's milk of stocks. profits are. >> that's absolutely true. isn't it also true, brian, that when you look at fact that in general earnings are coming in pretty good for a large number of companies, we still look at -- look like the best looking girl at the dance, especially when you compare us to other part of the world like europe? >> that's abs
." >> major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> suarez: rescuers worked in wet weather today to find survivors amid the rubble from the fiery explosion at a texas fertilizer plant last night. late today, authorities acknowledged there were fatalities but declined to confirm how many. earlier estimates ranged from five to 15 though there were reports the toll would go much higher. the cause of the fire and explosion is still not known; officials said today there's no evidence of foul play. a man using his cell phone captured the moment last night when the west fertilizer company plant exploded. that flattened buildings withi
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